Bombed but unbowed, Ukraine’s capital of Kyiv moves to survival mode
PBS NewsHourAPR 2023
A cap on Russia's oil exports will further strain the resources available to Moscow for fighting its war in Ukraine, while alleviating price instability if Russian oil is taken off the market — it must be implemented.
With countries such as China, India and others unlikely to go along with the EU's proposals, it's highly unlikely that they will be successfully implemented or work, even if support for the measures can be consolidated. A price cap is a ridiculous idea.
A cap on the price of Russian oil goes against the principles of international trade and would have grave consequences for the global energy market.